The Debt Recovery Tribunal (DRT) law pertains to a specialized legal framework in India aimed at expeditiously resolving disputes related to the recovery of debts from banks and financial institutions. DRTs were established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. DRTs handle cases where borrowers default on loans, resulting in non-performing assets. These tribunals have jurisdiction over claims exceeding a specified threshold, providing a forum for lenders to recover outstanding dues efficiently. DRT proceedings involve the initiation of recovery proceedings by creditors, followed by legal notices to borrowers. These tribunals facilitate debt recovery by granting orders for attachment of assets, issuing warrants of arrest, and issuing orders for the sale of mortgaged properties. DRT law aims to expedite the recovery process, reduce litigation delays, and protect the interests of both lenders and borrowers. These tribunals provide a specialized platform for resolving complex financial disputes, ensuring fair treatment for all parties involved.

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